Assistant Business Officer/ Assistant Loan Officer

Industrial and Commerce Bank Of China USA NA•Alhambra, CA

1d•$50,000 - $65,000•Onsite

About The Position

Assistant Business Officer performs administrative duties with the primary responsibility of timely and accurate processing, validating, and closing of mortgage loans. To develop new business and support MLOs to expand a high-quality loan portfolio.

Requirements

1-2 years mortgage loan processing experience
Possess a thorough understanding of various residential product/program guidelines, necessary conditions for approval, and Fannie Mae specific guidelines.
Knowledge of residential lending's federal regulatory requirements and state regulations.
Excellent written, verbal, and interpersonal communication skills.
Strong time management and organizational skills.
Be able to task prioritize in order to meet closing deadlines.
Ability to perform services in person from a Bank office or branch to, among other things, access the Bank’s computer systems and engage in an interactive environment with co-workers.
Able to read and interpret documents such as operating and procedure manuals.
Able to write routine reports and correspondence.

Nice To Haves

Fluency in Cantonese/Mandarin and English is a plus.

Responsibilities

Setup file on loan origination system and verify the accuracy of all loan data entered into the system.
Review loan application and all incoming documents for compliance and loan eligibility; clarify and/or obtain additional information, if necessary.
Conduct follow-up on outstanding documentation to ensure receipt within turnaround time standards.
Upon receipt of appraisal report, validate loans in automated underwriting system (i.e., Desktop Underwriter) and submit to underwriting in required time frames.
Ensure regulatory requirements are met in processing the approved, cancelled, and declined loan applications.
Maintain positive and open communications with MLOs, Underwriters and Funders.
Enter loan information into ICBC's credit processing system in accordance with company policies.
Handle customer inquiries and provide good customer service.
Develop new customers and cross-sell variety of banking products and service to generate business.
All other duties as assigned by management in accordance with company policies and State/Federal guidelines